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Facebook announced a $5.7 billion (INR 436 billion) investment in Jio Platforms, making it the largest minority stakeholder with 9.9% stake. This new transaction underlines Facebook’s commitment to India, and its interest in connecting with more than 60 million small businesses across India.

Fox Corporation has announced the acquisition of advertising-supported video on-demand (AVoD) service, Tubi. The US media company said it would pay $440 million in cash, funded from the sale of its 5% stake in digital media company Roku.

Korean telco SK Telecom has signed a memorandum of understanding with the country's three leading broadcasters to integrate their online video platforms, Oksusu and POOQ. Broadcasters Korean Broadcasting System (KBS), Seoul Broadcasting System (SBS) and Munhwa Broadcasting Corporation (MBC) operate POOQ through a joint venture called Content Alliance Platform.
The new service will aim to create more local original content to fend off growing competition. According to reports, SK Telecom CEO Park Jung-Ho was seeking an initial investment of $180 million to produce original content; in comparison, Oksusu spent just $10 million on content last year. The company also aims to expand the new online video platform to Southeast Asia later in the year.

Growth for x-ray, ultrasound, MRI, and CT equipment will be driven by a variety of unique factors, but several trends will affect future revenues for the entire medical imaging equipment market. Three of these trends—the aging global population, the changing US healthcare culture, and the emergence of healthcare markets in developing nations—are highlighted below and followed by IHS Markit’s advice for capitalizing on these trends.

The Qatari-based BeIn Media Group (BMG) has acquired US studio Miramax. The previous shareholder of Miramax was the holding company Filmyard Holdings, a joint venture controlled by the US investment fund Colony Capital and the Qatar Investment Authority, one of the Gulf Emirate’s sovereign funds. Filmyard Holdings acquired Miramax in December 2010 for $663 million from Walt Disney.

Sports network ESPN has announced a partnership with Multi Screen Media (MSM), the Indian unit of Sony Pictures Television, to create co-branded sports content on both television and digital platforms. The two companies will jointly create new sports channels and roll out a localised multisport website and application in the coming months.

Technicolor is to shut its film lab at Pinewood (UK) by the end of May 2013, as the use of film for digital capture dwindles and uncertainty surrounds the availability of film stock. The Pinewood site was...